ACC 201 MODULE 1 CASE AND SLP LATEST-TRIDENT

1. ACC 201 MODULE 1 CASE AND SLP LATEST-TRIDENT Visit Below Link, To Download This Course: https://www.tutorialsservice.net/product/acc-201-module-1-case-and-slp-latest-trident/ Or Email us on SUPPORT@TUTORIALSSERVICE.NET sACC 201 Module 1 Case and SLP Latest-Trident ACC201 ACC 201 Module 1 Case Latest-Trident Module 1 – Case FINANCIAL STATEMENTS Assignment Overview There are three main parts to this case that requires you to prepare and submit a three to five page paper. Please make sure this paper is well organized and covers all of the items below. Part I Search the course background information, the Internet and/or the Cyber Library. Discuss the terms listed below. Your discussion should expand on the definition as given in the module background. Explain why these concepts are important to financial statements.  Generally Accepted Accounting Principles (US GAAP);

2.     International Accounting Standards (IFRS); Securities and Exchange Commission (SEC); Annual report; and 10-K, 10-Q, and 8-K Part II  Explain the basic formats of financial statements such as income statement, balance sheet, statement of cash flows, and statement for retained earnings. Part III 1. Everything in Accounting typically falls into one of three categories, as illustrated by the Accounting Equation. State the Accounting Equation: Assets = _______________ + _______________ 2. You will note that the Accounting Equation comprises 3 “categories,” each of which can be broken down further into accounts. For each of the three main categories of the Accounting Equation, list 5 or more accounts with actual amounts that would typically be classified into each. For instance, Land & Equipment would typically be categorized as Assets. 3. To simplify your answers, complete the assignment using a basic table or diagram. Assignment Expectations The submission should be 3 to 6 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references in APA format. When your paper is done, send it in. ACC 201 Module 1 SLP Latest-Trident Module 1 – SLP FINANCIAL STATEMENTS Below find the trial balance for Nybrostrand Company. Prepare an income statement and balance sheet in good format based on .trident.edu/content/enforced/71811-ACC201-WIN2016-

3. 2/Formats%20of%20Financial%20Statements%20Module%201%20ACC201.docx?_&d2lSessionVal=zEsIugPgkw0Vw4LI4xR6CuuyP&ou=71811″2/Formats%20of%20Financial%20Statements%20Module%201%20ACC201.docx?_&d2lSessionVal=zEsIugPgkw0Vw4LI4xR6CuuyP&ou=71811″ >Formats of Financial Statements (Presentations). After you have completed the two statements comment on the success of the company. Support your answer with information from the financial statements you just prepared. Nybrostrand Company 31-Dec-14 Trial Balance (accounts in alphabetical order) Accounts payable Accounts receivable Cash Common stock Depreciation expense Cost of goods sold Equipment (net of depreciation) Insurance Inventory Long-term debt Marketing Paid-in capital Property taxes Rent Retained earnings Revenues Salaries Utilities Total Debit $ 36,500 30,000 24,350 307,000 415,000 1,400 34,000 4,500 16,900 28,000 78,500 6,700 982,850 Credit $ 78,000 10,000 127,000 50,000 ? 586,000 982,850 SLP Assignment Expectations The submission should be 2 to 4 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references in APA format. When your paper is done, send it in. Download Now